Updated October 1/2009

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In a true sign of the times, earlier this month, Ford struck a deal to sell their entire Wixom, Mich.plant to two companies focused on the creation and storage of alternative energy. According to Ford officials, the plant is being sold to Xtreme Power of Austin, Texas, and Clairvoyant Energy of Santa Barbara, Calif., for $725 million and will be redeveloped as a renewable energy park. The Wixom project is expected to create about 4,000 jobs.
 

Shares of A123 Systems, one of just a handful of U.S.-based makers of batteries for electric cars, debuted sharply higher from its offering price Thursday as investors cheered the closely-watched firm. The firm is one of just a few American companies that are competing with much larger Asian rivals for the potentially lucrative hybrid and plug-in electric car battery market. As the battery is the most expensive component in an electric car, the thinking goes that whoever controls the battery market may ultimately control the auto industry.
 

Few nations are better positioned -- or motivated -- to fuse the fight against recession and global warming than Spain. The country is already a leader in renewable fuels through $30 billion in public support and has been cited by the Obama administration as a model for the creation of a green economy. Spain generates about 24.5 percent of its electricity through renewable sources, compared with about 7 percent in the United States. But with unemployment at 18.5 percent, the government here is preparing to take a dramatic next step. Through a combination of new laws and public and private investment, officials estimate that they can generate a million new green jobs over the next decade.

For the latest news we offer our Hot Stories Page and News Release Services. Come back often to stay informed about the latest Alternative Energy developments.